Taz, my sense she is not 'going to sell this company', because she simply can't. It's a publicly trading entity with multiple stockholders. She can sell her interest or that of the Whelan family. But, wouldn't she want success, rather than continued failure?
But, first things first. She would perhaps be wise to move a few chess pieces around first, in order to test the obvious long-term constraints on BIEL and to try to position the company for a rise out of the SP toilet its been mired in for well over a decade. The moves I would consider trying might be......
1. Cancel, just cancel, at least 75% of the bonus shares the Whelans claimed they're entitled to resulting from fantasy (falsified?) loans made by the Whelans to the company many years ago. The former CEO testified under oath, before the SEC, that they had no proof the purported loans were ever made! No documentation funds ever moved from their banks to BIEL's bank. No checks, no bank statements, zero. In my world, no tickee, no laundry. False. Facts.
2. If the current CEO simply steps aside from the 2019 self-appointed position, then the clearly overpowering profile of prior self-dealing, portrayed above and the red flags of SEC revealed self-dealing and nepotism tainting BIEL vanish and BIEL is reborn! Facts.
3. The former CEO sadly left us early in October 2019. He is credited greatly, as he should be, for tenacity and vision, with respect to BIEL, as a startup. But, it was not all roses and anyone who thinks it was is wrong. Facts.
4. In 3.5 years, the SP of BIEL has not risen out of the toilet for one second. Anyone who thinks it has is wrong. Facts.
5. In 2019, a pretty cool multi-faceted plan was submitted to the former CEO, that would have enabled BIEL to instantly shrug away the tainted effects of many years and evolve successfully, as it should have years before - viable deals, growth in sales and profitability. That plan was stubbornly rejected, during a time of rapidly diminishing faculties, one of the major underlying management issues at BIEL. Facts.
6. Changes in management to eradicate self-dealing, Founder's Syndrome and nepotism are highly successful moves in any business, except family farming and fishing. These maladies in business are huge red flags to be avoided. BIEL, unfortunately, has been burdened by all 3. Facts.
7. My money is still on Dr. Staelin, the major financial benefactor of BIEL for the last 3.5 years, and Keith Nalepka, to manage BIEL out of the basement toilet its been in for years. Fact.
8. What is there to lose by change? Better question, what is there to lose by not? Only an idiot doesn't change their mind. I once said that to a man who refused to make recommended changes in a company that was a toilet dweller. He never saw the success story he should have and could have. Couldn't get out of his own way. I don't want that for BIEL Ver: 2023.
9. ActiPatch is a brilliant disruptive technology, in the truest sense of those words. The label 'Disruptive Technology' was originally founded related to the scientific space, which epitomizes ActiPatch. Drug-free, affordable scientific breakthrough in pain management, cessation of pain causing edema and stimulation of healing at the molecular level for hundreds of millions of pain sufferers globally. Facts.
10. BIEL has the patented, FDA endorsed ActiPatch, no one else. And yet, for over 10 years, the company has been unable to create and manage success? Does this mean we are bordering on stupid? Well, the one thing ya can't fix is stupid. Facts.
I hate wasting my time these days on stupidity. I hope my efforts register somewhere, in fertile and creative minds and create at least a curiosity of what it might be like for BIEL to become successful, on the old adage that the only thing that is constant is change. I'm tired of BIEL being in the toilet - a toilet dweller. Is anyone else tired of it? Only an idiot wouldn't want to change that label!
